Accredited Wealth Management LLC Has $928,000 Position in Automatic Data Processing, Inc. $ADP

Key Points

• Accredited Wealth Management LLC reduced its stake in Automatic Data Processing, Inc. by 21.3%, selling 820 shares and now holds 3,022 shares valued at $928,000.
• Automatic Data Processing reported $2.26 EPS for the last quarter, surpassing analyst expectations of $2.23, and its revenue increased by 6.3% year-over-year to $5.13 billion.
• The company's board announced a quarterly dividend of $1.54 per share, set to be paid on October 1st, with a current dividend yield of 2.0%.

Accredited Wealth Management LLC lessened its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 21.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,022 shares of the business services provider's stock after selling 820 shares during the quarter. Automatic Data Processing makes up about 0.8% of Accredited Wealth Management LLC's investment portfolio, making the stock its 27th largest position. Accredited Wealth Management LLC's holdings in Automatic Data Processing were worth $928,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ADP. AlphaCore Capital LLC bought a new stake in shares of Automatic Data Processing during the first quarter worth $688,000. Golden State Wealth Management LLC lifted its stake in Automatic Data Processing by 29.6% in the first quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider's stock valued at $173,000 after buying an additional 129 shares during the period. GAMMA Investing LLC lifted its stake in Automatic Data Processing by 13.8% in the first quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider's stock valued at $2,901,000 after buying an additional 1,148 shares during the period. Toronto Dominion Bank lifted its stake in Automatic Data Processing by 10.2% in the fourth quarter. Toronto Dominion Bank now owns 236,707 shares of the business services provider's stock valued at $69,290,000 after buying an additional 21,910 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Automatic Data Processing by 8.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 250,836 shares of the business services provider's stock worth $76,638,000 after purchasing an additional 20,467 shares during the period. Institutional investors and hedge funds own 80.03% of the company's stock.

Automatic Data Processing Price Performance

Shares of Automatic Data Processing stock traded up $3.01 during trading on Friday, reaching $307.95. 1,150,918 shares of the company's stock were exchanged, compared to its average volume of 1,571,763. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing, Inc. has a 1-year low of $267.79 and a 1-year high of $329.93. The company has a market cap of $124.73 billion, a P/E ratio of 30.86, a PEG ratio of 2.82 and a beta of 0.81. The firm's 50-day moving average price is $305.10 and its 200 day moving average price is $305.63.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The company had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.05 billion. During the same quarter in the previous year, the firm earned $2.09 EPS. Automatic Data Processing's revenue was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be issued a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing's dividend payout ratio is presently 61.72%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ADP shares. TD Securities raised their price target on Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Royal Bank Of Canada restated a "sector perform" rating and issued a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday, June 5th. Morgan Stanley raised their price target on Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Mizuho lifted their target price on Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Finally, BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 target price for the company in a research note on Thursday, July 10th. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Automatic Data Processing has an average rating of "Hold" and a consensus target price of $317.00.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.